Lyuben Petrov

Iran and Bulgaria need to establish banking and insurance ties and expand tourism and transportation links, the country's Transport Minister Abbas Akhoundi has said.

He has also noted Iranian railways could be connected to the railway network of Bulgaria via Turkey.

The Swiss-owned company Palemontech will build a production plant in the Bulgarian town of Montana.

The groundbreaking ceremony will take place in the technology park of Montana located at the exit for the town of Lom on Thursday .

Bulgarian state-owned military plant VMZ Sopot has a new CEO, Ivan Getsov, according to an announcement of Dimitar Atanasov, Chair of the Podkrepa Labor Confederation at the plant.

A Pakistani investor is building a textile factory in Bulgaria, according to Deputy Economy Minister Lyuben Petrov.

Speaking at the opening of a Bulgarian-Pakistani business forum, Petrov made clear that the investment amounted to EUR 28 M and the implementation of the project was ongoing.

All hypotheses seeking to explain Tuesday's new explosions at a production site of VMZ Sopot military plant are on the table, Bulgarian Deputy Economy Minister Lyuben Petrov has said.

Tuesday's explosion at the VMZ Sopot military plant's warehouse near the village of Iganovo was deliberate, Economy Ministry officials have suggested.

Japanese dairy products maker Meiji has expressed interest in investing in Bulgaria's southwestern region of Petrich, according to a media statement of the Petrich Municipality.

Bulgaria's Deputy Economy Minister Lyuben Petrov met with representatives of Meiji in Sofia in early March.

Prime Minister Boyko Borisov appointed a total of fifteen ministers on Tuesday, the government's press office says.

Names have been proposed by ministers themselves, with Borisov having only the final say, under the coalition agreement he struck as leader of conservative GERB with the Reformist Bloc (RB) last week.